https://www.taxtmi.com/caselaws?id=759813 Employees originally serving a State Electricity Board and later absorbed into successor power companies under the Electricity Act, 2003 could be treated as State Government employees for retiral benefit exemptions where the statutory reorganisation vested the Board's assets, liabilities and personnel in the State framework and preserved continuity of service conditions. On that basis, the bar applicable to non-Government employees did not apply, and the exemption under section 10(10A) and section 10(10AA) of the Income-tax Act, 1961 was available. en-us Fri, 19 Apr 2024 00:00:00 +0530 Wed, 09 Oct 2024 08:20:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759813 Employees originally serving a State Electricity Board and later absorbed into successor power companies under the Electricity Act, 2003 could be treated as State Government employees for retiral benefit exemptions where the statutory reorganisation vested the Board's assets, liabilities and personnel in the State framework and preserved continuity of service conditions. On that basis, the bar applicable to non-Government employees did not apply, and the exemption under section 10(10A) and section 10(10AA) of the Income-tax Act, 1961 was available. Case-Laws Income Tax Fri, 19 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759813